Property insurance firm cancels Florida couple’s policy night before cyclone Ian hit
Many Floridians have had property insurance problems however Tom Colantuono’s expertise very takes the cake.
The night before cyclone Ian hit FL, Colantuono and his partner were preparing. They were shopping for provides and prepping their house after they got the news no one desires.
“She was white as a ghost,” he recalled. “She said, ‘We simply got off by Frontline.'”
The notice of cancellation was effective Gregorian calendar month. 22, 2022.
It was the second time this year Colantuono had a policy canceled.
“Tell Pine Tree State why i used to be canceled?” Colantuono aforesaid throughout associate degree interview with Nexstar’s WFLA in could.
Colantuono was one in every of over sixty eight,000 Floridians canceled by FedNat insurance underwriter in could. In July, WFLA spoke with him once more once he was Janus-faced with a double-whammy.
Colantuono reached intent on WFLA once more recently, involved regarding the rights of house owners.
“They simply can’t cancel our policy the night before a cyclone goes to create landfall,” he said.
“I simply found a policy with voters,” Colantuono aforesaid.
Like a meg alternative Floridians, the state’s nondepository financial institution of expedient is Colantuono’s solely resort. It’s a FL insurance tale with no happy ending seeable.
WFLA asked Colantuono if he’s involved he’ll eventually get priced out of FL.
“Sure — simply this year the will increase have gone up, most likely doubled, virtually tripled,” he said.
So why was the corporate allowed to cancel his policy? Insurance consultants aforesaid the cancellation was doubtless within the works weeks before cyclone Ian.
The workplace of Insurance Regulation says any cancellation issued ten days before cyclone Ian should be withdrawn.
Residents UN agency skilled something similar square measure inspired to decision their agents. The agent can decision the corporate and tell them to withdraw the cancellation, consistent to the state’s order. However, associate degree agent may simply decide it’s best to maneuver your policy.
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